BSI has earned its name in the industry by providing proprietary best of the breed loss mitigation services. Lenders and investors are experiencing a surge in delinquencies and default. The key to realizing the highest value from loans is to create solutions that help borrowers resolve the issues that they face and simultaneously, improve profitability for lenders. BSI is becoming the industry leader in loss mitigation because of its passion for protecting its investors' assets. BSI’s best practices are embedded into its technology to help ensure consistency and customer satisfaction. Our team of asset managers and loss mitigation experts are creating value for lenders, investors and borrowers by tailoring solutions that fit the unique situation of each loan.

Loss mitigation is an extensive process that can result in satisfactory solutions for borrowers and servicers alike. BSI understands that the process works well when a loss mitigator successfully communicates with a borrower and mutually beneficial variables fall into place. Without a strong line of communication, crucial data - such as financial information, explanation of hardships and the willingness of a borrower to cooperate in a loan resolution - cannot be obtained. BSI delivers service that aids your loss mitigation efforts by bolstering borrower contact, increasing loan workout ratios and fulfilling investor requirements.

As part of BSI’s Loss Mitigation Solution, BSI will:

• Conduct loss mitigation solicitation through a combination of calls and letters
• Communicate with borrower and client regarding loan parameters and hardships faced by borrower
• Identify appropriate loss mitigation option(s) based on proprietary methodology
• Collaborate with borrower and client to finalize loss mitigation option and complete fulfillment of loan documents
• If the loan goes into foreclosure, manage foreclosure process through national attorney network within appropriate timelines and costs
• If the borrower declares bankruptcy, fulfill bankruptcy claims, plan reviews etc

Advantages of default management with BSI:

WHY BSI IS UNIQUE:

BSI offers several unique benefits to its clients:

• Only provider offering an integrated due diligence and servicing solution
• Customize loan delivery models, loss mitigation and exit strategies by client. Not a “One Size Fits All” strategy.
• “No Minimum” allows investors to start small, refine acquisition and loss mitigation strategy before buying large pools
• Pure Third Party service provider with no owned portfolio, ensures excellent service to all clients. Investors are able to focus on acquiring portfolios and portfolio management, while gaining from the experience and flexibility of BSI’s outsourced service.

The result? Maximized returns on assets with minimal writeoffs.